- Retail giant Walmart announced it is selling on-demand streaming service Vudu to Fandango
Retail giant Walmart announced it is selling on-demand streaming service Vudu to Fandango. The terms of the deal were undisclosed. However, the deal seems to include a requirement of Vudu continuing to provide access to its content library via Walmart’s digital TV and movie store.
And Vudu customers will still be able to use their Walmart login credentials for signing into the service. Plus they will still be able to make purchases through the Walmart wallet service.
Fandango runs a streaming service of its own called FandangoNow. And Fandango will likely integrate Vudu into its own streaming service once the deal is completed.
Fandango is owned by NBCUniversal. And Fandango will be expanding on NBCU’s video streaming offerings as the company is planning to launch Peacock in July. Vudu offers more than 10,000 titles free and 150,000 titles for renting or buying. And Vudu has been installed over 100 million times.
“We’re proud of how we’ve grown Vudu into one of the leading video-on-demand platforms in the industry,” said Walmart in a statement via CNET. “We’re pleased to be joining forces with Fandango, whose core business can maximize the unique strengths of Vudu into the future. We look forward to working with their team to bring even more value to Vudu customers.”